The benefits of a power of attorney

Georgia residents may benefit from adding a durable power of attorney to their estate plan. A power of attorney allows an individual to name an agent to act on his or her behalf. By making that power durable, the agent may act even when the person who appointed that agent is mentally incapacitated. Depending on a person's needs, it may be possible to give one or more people a power of attorney.

It may also be possible to name a financial institution or another entity as a person's agent. Whoever is granted power of attorney may take actions such as filing tax returns or overseeing the sale of a house. Ideally, a power of attorney document will be created by an attorney as even a small mistake in drafting it could cause problems in the future.

Ideally, an individual will begin estate planning as soon as he or she obtains an asset. Even if a person only has a house or a small savings account, those items may be beneficial to future generations. The use of wills or trusts may help a person have more control over where those assets go or how they can be used. Adding a power of attorney may make it easier to retain control over how assets are used while a person is still alive.

For instance, if an individual becomes mentally incapacitated, a trusted agent may be able to honor that person's wishes. This may include selling a family home or making sure that money is available to help pay for a child's future educational expenses. Having a power of attorney may also ensure that taxes are paid on time or that assets are used as effectively as possible to pay for long-term health care needs after becoming mentally incapacitated.

No Comments

Leave a comment
Comment Information

Upcoming Workshops

3 Easy Steps To Protect Your "Stuff" This workshop addresses frequently asked questions and common misconceptions on Wills & Trusts, Asset Protection, Nursing Home Issues, and Medicaid Qualification.

Join Now! More Workshops

Call Us Today To Schedule A Consultation

We are ready to help you start planning. To schedule an initial consultation, call us at 770-822-2723 or 866-735-9628. You may also contact us online.


Johns Creek Office
11555 Medlock Bridge Road, Suite 100
Johns Creek, GA 30097

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions

Lawrenceville Office
1755 North Brown Road, Suite 200
Lawrenceville, GA 30043

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions


How can we help you?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.